Senators worried about rising gasoline prices on Wednesday asked the Government Accountability Office to update a two-year-old study that found mergers in the petroleum industry accounted for a small but significant hike in prices at the pumps. The move could renew disagreements between the GAO and the Federal Trade Commission, which must approve petroleum industry mergers.
March 31, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Senators worried about rising gasoline prices Wednesday asked the Government Accountability Office to update a two-year-old study that found mergers in the petroleum industry accounted for a small but significant hike in prices at the pumps.
The move could renew disagreements between GAO and the Federal Trade Commission, which must approve petroleum industry mergers. When the 2004 report was released Tim Muris, then the FTC chairman, complained that the report’s conclusions were unsound.
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